State owes K2 billion to Nambawan Super

Vulupindi Haus is one of NSL's property rented by the government through Department of Education *(Image: NSL)*

The State’s unfunded liabilities to Nambawan Super Limited [NSL] have reached K2 billion, despite recent efforts to settle outstanding debts.

The figures were disclosed on Tuesday during the Super Fund’s announcement of a 12% annual interest credit for members, following the release of its 2025 financial year results.

The K2 billion debt stems from unpaid state employer contributions for retired members and significant rental arrears for properties owned by the fund. While the State has offset K102 million of its outstanding liabilities over the last 12 months, a massive shortfall remains.

According to NSL Board Chairman Richard Sinamoi, the debt affects approximately 250,500 members.

"Of these amounts, K204 million is owed to members who have already retired and are still awaiting their entitlements," Sinamoi said. "Additionally, the government owes over K80 million in outstanding rentals for properties occupied by various state departments."

Sinamoi reaffirmed the fund’s commitment to working with the State to ensure all financial obligations are met.

The delay in payments has sparked concern among union leaders. In an interview, PNG Nurses Association President Frederick Kebai appealed to the government to prioritize the debt.

"The State must look into this seriously and offset the liabilities with Nambawan Super," Kebai told NBC News. "Unfunded liabilities directly affect the credit rates for our members."